North Scottsdale Real Estate Market: Are Prices Per Square Foot Holding?

In the ever-shifting landscape of real estate, North Scottsdale stands out as a bastion of resilience. Despite broader economic uncertainties, the market for single-family homes in this affluent area has remained surprisingly steadfast, with prices per square foot showing remarkable stability.

For this analysis, we focused on the following zipcodes: 85255, 85262, 85266 & 85377. We grabbed data for Single Family Homes only and went back to closed sales starting January 1, 2021, all the way up to December 2023. Let's delve into the data to understand this better.

1. Overview of Single-Family Homes Sold:

2. Analysis of Homes Sold that were Listed Between $1M and $2M:

3. Examination of Homes Sold that were  Listed between $2M and $3M:

4. Examination of Homes Sold that were Listed Over $3M:

Despite the turbulent currents in the economy, North Scottsdale's real estate market has remained stable. Even as prices elsewhere fluctuate, the consistency in prices per square foot in this region reflects a robust demand and a steadfast confidence for serious buyers in the market. Whether it's the allure of the luxurious lifestyle, the prestige of the community, or the enduring value of the properties, North Scottsdale continues to be a beacon of stability in uncertain times.